This exemption lowers the equalized assessed value of your property by $3,500, and may be claimed in addition to the General Homestead Exemption. For tax year 2008 (payable in 2009), this exemption will increase to $4,000. To receive this exemption, you must:

• Have lived on the property, which is your principal residence, on or before January 1 of the tax year; otherwise, the value may be prorated for the portion of the year that it was owner occupied by a senior citizen.
• Have reached age 65 anytime during the tax year.
• Apply for the exemption at the Township Assessor's office. You will need to bring proof of age (a drivers license is sufficient), a copy of the property's deed, and your tax bill with you when you apply. If your property is in a trust, you will also need a copy of the trust agreement indicating the beneficiary.